Artemis Racing CEO Paul Cayard speaks during a news conference in Alameda, Calif., Thursday, May 9, 2013. Artemis Racing said Andrew "Bart" Simpson, an Olympic gold medalist from England, died after the platform on the team's capsized catamaran trapped him underwater for about 10 minutes, during training for the America's Cup. (AP Photo/Jeff Chiu)

The Artemis Racing AC72 catamaran, an America's Cup entry from Sweden, lies capsized at bottom left near the Bay Bridge after turning over during training in San Francisco Bay on Thursday, May 9, 2013, in San Francisco. Artemis Racing said Andrew "Bart" Simpson, an Olympic gold medalist from England, died after the capsized boat's platform trapped him underwater for about 10 minutes. (AP Photo/Jeff Chiu)

SAN FRANCISCO (AP) — America's Cup officials say a catamaran that capsized in San Francisco Bay, killing a sailor, nosedived during a difficult maneuver and broke into many pieces.

America's Cup Regatta Director Iain Murray said Friday that the Artemis was conducting a maneuver that required it to change direction when it capsized on Thursday.

Andrew "Bart" Simpson was submerged underwater for more than 10 minutes.

Efforts to revive him were unsuccessful, and he was pronounced dead a short time later.

The 36-year-old Simpson won an Olympic gold medal in sailing in 2008 and a silver medal at last year's games.

He served as the Swedish team's strategist.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

Andrew "Bart" Simpson had already garnered an Olympic gold medal in sailing in 2008 and a silver at last year's games when Artemis Racing came calling with a chance to win yachting's top prize — the America's Cup.

"Moving the family to San Fran for 6 months is pretty hectic!!!," Simpson tweeted in March. "The cup should be fun though!!"

On Thursday, the British sailor drowned when Artemis' high-tech catamaran capsized and trapped him underwater for more than 10 minutes while on a practice run in the bay.

Simpson, 36, served as the Swedish team's strategist.

"The entire Artemis team is devastated by what happened," CEO Paul Cayard said in a statement on the team's website. "Our heartfelt condolences are with Andrew's wife and family."

The British Olympic Association described Simpson as a "treasured and accomplished member" of its teams.

"Andrew Simpson was a hugely accomplished sailor and Olympian," International Olympic Committee President Jacques Rogge, a former Olympic sailor from Belgium, said in a statement to The Associated Press. "He died pursuing his sporting passion and our thoughts are naturally with his family and friends and of course his fellow crew members who must be devastated by this tragic accident."

British newspapers reported that Simpson is survived by a wife and an infant child.

Artemis Racing said doctors "afloat" with the team and on shore were unable to revive Simpson after he was freed from the wreckage. The other sailor suffered minor injuries, and the rest of the crew of about a dozen people was accounted for and taken back to their dock in Alameda.

Officials said winds were blowing between 15 and 20 knots (17 to 23 mph) when the boat capsized. The National Weather Service later issued a small-craft advisory, warning inexperienced mariners to stay off the bay and indicating winds of between 21 knots and 33 knots.

The Artemis boat flipped near Treasure Island, which is bisected by the Oakland-San Francisco Bay Bridge. The armada of rescue boats and helicopters were visible from the roadway.

Simpson and the unidentified injured sailor were brought to shore at the St. Francis Yacht Club in San Francisco, where paramedics performed CPR on Simpson. He was pronounced dead a short time later.

The America's Cup is considered, along with the Olympics and World Cup soccer, to be among the world's largest global sporting events in terms of its economic impact. Organizers are trying to modernize the race, which has a reputation for being stodgy. For the first time, they have scheduled an America's Cup for young competitors ahead of the main event.

NBC plans to broadcast the America's Cup live and use graphics similar to the yellow first-down marker in football to let viewers know who is ahead and behind. High-definition cameras and microphones will also be placed on each America's Cup boat, according to NBC.

This is the second time a sailor has died during training for the America's Cup. In 1999, Martin Wizner of the Spanish Challenge died almost instantly when he was hit in the head by a broken piece of equipment.

No deaths have been recorded during the actual racing since its inception in 1851.

Simpson and his partner Iain Percy won an Olympic gold medal for England in 2008 in the Star class of sailing. The duo was expected to repeat in London in 2012 but was upset by a Swedish team and settled for silver.

Percy is Artemis' director and the boat's tactician. The team announced Feb. 23 that Simpson was joining Artemis to "provide weather and tactics support" to the crew.

Artemis Racing has had its share of upheaval in the buildup to the 34th America's Cup. Late last year, skipper Terry Huthinson of Annapolis, Md., was released. He was replaced by Nathan Outteridge of Australia, who won a gold medal at the London Olympics.

The team has had technical problems, as well. Last fall, Artemis said the front beam of its AC72 catamaran was damaged during structural tests, delaying the boat's christening. A year ago, Artemis' AC72 wing sail sustained serious damage while it was being tested on a modified trimaran in Valencia, Spain.

This also wasn't the first America's Cup boat to capsize on the hard-blowing San Francisco Bay. Oracle's $10 million boat capsized in 25-knot winds in October, and strong tides swept it four miles past the Golden Gate Bridge. No one was injured, but the rough waters destroyed the 131-foot wing sail, and the boat was sidelined until a new sail shipped from New Zealand was installed in February.

Stephen Barclay, CEO of the America's Cup Event Authority, said officials were investigating Thursday's accident. He said it was unclear what effect the death will have on the America' Cup races, which are scheduled to run from July to September.

It was too soon to answer questions about the safety of the high-tech boats on the San Francisco Bay, Barclay said.

"Obviously a catamaran is more prone to capsizing than a mono-hull," he said. "Whether boats are safe or unsafe, we're not going to speculate on those things."

"There are lots of precautions that are taken, and some of those are as a result of Oracle's mishap last year," he said.

The boats participating in the latest America's Cup more resemble a space craft than the traditional sloops that historically competed for the trophy.

Financed by billionaire Larry Ellison, Oracle Team USA won the 2010 cup and made several changes to the races this year in an attempt to make the staid competition more fan- and TV-friendly.

While much faster and more exciting than the sloops, the catamarans have proved hard to handle. The wing sail looks and acts like an airplane wing, improving the yacht's speed and maneuverability. The 7-ton boat's hulls are lifted out of the water and it skims along the waves on "foils," reducing the drag on the boat and increasing speed dramatically.

Coast Guard Lt. Jeannie Crump said the agency did not know the extent of the damage to the Artemis boat. A commercial salvage boat would tow the vessel to Clipper Cove, between Yerba Buena Island and Treasure Island, Crump said.

Crump added that Coast Guard officials weren't sure what caused the boat to capsize. The Swedish team has two boats, she said.

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